Multifamily Property with
1060 W Airway Circle, Wasilla, AK 99654
For Sale
$615,000
Residential units, garage and shop space, and commercial frontage along Parks Highway are part of the property.
Property Size4,090 SF
Price / SF$150.37
Days on Market90
Property Features for 1060 W Airway Circle
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Signature Real Estate Alaska
(907) 631-3033
Listed By:
McKenzie A LaBuda
(907) 982-1449
Source:
Kodiakislandrealestate
Added: Aug 17
Changed: Nov 12
Last Checked: Nov 13 at 2:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Real Estate Alaska
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Investment Insights
Based on property information with market context.
The 4,090-SF property includes a duplex with a two-bedroom, 1.5-bath upper unit and a one-bedroom, one-bath lower unit with an office, walkout patio, and gas fireplace. Both duplex units were remodeled or updated in 2026. A separate one-bedroom, one-bath apartment sits above a detached two-car garage, and another detached high-bay garage/shop provides additional workspace or storage. The property was built in 1977.
The lower portion fronts Parks Highway. City water and sewer are located at an adjacent property. Multi-use and subdivision have been allowed subject to utility hookups, according to the property information.
The lower portion fronts Parks Highway. City water and sewer are located at an adjacent property. Multi-use and subdivision have been allowed subject to utility hookups, according to the property information.
Key Highlights
- 4,090 SF property built in 1977
- Duplex with 2‑bedroom, 1.5‑bath upper unit and 1‑bedroom, 1‑bath lower unit
- Separate 1‑bedroom, 1‑bath apartment above a detached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,110
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$962,200
$962.2K
Cap Rate 7%
$687,286
$687.3K
Cap Rate 9%
$534,556
$534.6K
Market Conditions
NOI Build-Up for 4,090 SF
Gross rent
$92.3K $22.56/SF
− Vacancy
−$4.8K −$1.17/SF
EGI
$87.5K $21.39/SF
− OpEx
−$39.4K −$9.62/SF
NOI
$48.1K $11.76/SF
Area
Matanuska-Susitna County, AK
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$962,200
Cap Rate 7%
$687,286
Cap Rate 9%
$534,556
Alternative Uses
Best Use
Apartment 5plus
$687.3K
$601.4K – $801.8K
NOI $48,110 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$986.5K – $1.32M
NOI $78,921 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Demographics for 99654, AK
40,726
Population
17,006
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
95%
High-School Grad
113.6 sq mi
ZIP Area
359
Density / Sq Mi
$93,739
Median Household Income
$53,748
Median Earnings
$1,233
Median Rent
$342,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Matanuska-Susitna County, AK
Properties on Market for Multifamily properties in Matanuska-Susitna County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential units, garage and shop space, and commercial frontage along Parks Highway are part of the property.
Where is this multifamily property located?
The property is located at 1060 W Airway Circle Wasilla, AK.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 4,090 SF property built in 1977; Duplex with 2‑bedroom, 1.5‑bath upper unit and 1‑bedroom, 1‑bath lower unit; Separate 1‑bedroom, 1‑bath apartment above a detached 2‑car garage
